https://www.bing.com/videos/search?q...25&FORM=VRDGAR
Certainly didn't see this coming...
Ooooohhhh... not good. Today was supposed to be up and out. ;swear
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
https://www.bing.com/videos/search?q...25&FORM=VRDGAR
Certainly didn't see this coming...
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Gotta fill that S&P GAP at 2430!!
MY sticky pants are still on, clean and dry! Can't speak to the condition of anyone else's... At any rate, futures are mixed, we could be at a double bottom and go up from here, hopefully not looking to fill that gap from January McDuck pointed out. Either way, holding position, heck, maybe until the Santa Rally!
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
This seems to be just more reactive response to the Charlotte violence and in Spain. Besides being due for a correction..what was the big motivation for yesterday's drop?
Sent from my SAMSUNG-SM-N910A using Tapatalk
100% G fund COB 12/22/2023 Was 80%G 20%C
There was talk of a Mr. Cohen in the Administration, seen as instrumental to getting tax cuts passed, as being offended by the Charlottesville situation and threatening to leave, and Barcelona.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Any Elliot Wave aficionados out there? Does this make sense?
Dow Futures Elliott Wave View 8.17.2017 | Elliottwave-Forecast | Safehaven.com
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Hi WS:
Here's what Tony Caldaro had to say yesterday with respect to SPX. He is a respected Elliott Wave guy.
The market gapped down at the open today for the first time since last Wednesday, and the third time in the past 7-trading days. This gap down sequence started the day after the all-time high at SPX 2491, 8-trading days ago. Last week’s concerns were N. Korea, this week’s protesting CEO’s. Last Wednesday, the SPX lost the 2456/2444 pivots both in the same day. Monday’s gap up opening jumped over both to start the week. Today’s gap down lost those same two pivots again. They definitely appear to be the pendulum of positive/negative trader sentiment. The potential for a slight extension, DOW to higher high, broke down today when the SPX opened below Tuesday’s low. Then when Monday’s low was lost the market continued lower and closed that upside gap and more. It does appear the worse-case scenario posted this past weekend is underway. An Int. iv correction in a bull market. Short term support is at the 2428 and 2411 pivots, with resistance at the 2444 and 2456 pivots. Short term momentum is about as oversold as it ever gets.
FS
FogSailing
Try to learn something about everything and everything about something.
When I put in 50% the other week at the low, I was expecting a bounce and further lows; but then KJU backed off and the rally occurred seemingly obviating another drop, and then BOOM, there we are. Good news is its not much lower than where I bought in the first time, its quite a bit lower than my second bite. We're at the bottom of both ascending and descending channels, oversold, etc. If we get back up to the top of either channel, I may take 50% out... we shall see.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
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